Latino Lending: Analysis of the Consumer Loan Portfolio of North Carolina’s Cooperativa Communitaria Latino de Crédito

Publication Date

September 2005

Author(s)

Janneke Ratcliffe, Jonathan Spader, Michael A. Stegman

Client/Funder

Freddie Mac

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Researchers examine a Latino credit union’s consumer loan portfolio to better understand and serve the financial needs of banked and unbanked Latinos in North Carolina.

This analysis of the Latino Community Credit Union’s consumer loan portfolio was conducted with funding from Freddie Mac, to better understand how to serve the financial needs of banked and unbanked Latinos in North Carolina.

Opened in 2000, the Cooperativa Communitaria Latina de Credito, or Latino Community Credit Union, provides bilingual financial services to credit union members in Charlotte, Durham, Fayetteville, Greensboro, and Raleigh, North Carolina. In addition to providing traditional banking services, LCCU also offers financial education and outreach to Latinos in these areas.

The report is separated into five sections: 1) introduction, 2) description of methodology, 3) demographic profile of borrowers, 4) characteristics of loans, and 5) a report on the early performance of the consumer loan portfolio of the credit union.